Last Updated on May 10, 2021 by Danielle
Consumer drone sales are expected to grow to $4.6 billion by 2025.
During the holidays, remote controlled drones were flying of stores shelves. According to the Consumer Technology Association, by the end of the year, there were 1.1 million new drones in America. During Christmas, the biggest problem was keeping them in stock. We think this trend will continue and drones will be one of the top holiday toys of 2021.
Still there are several concerns regarding drone technology. A lot of Americans are worried about the privacy issues around drones, but this fear is similar to the fear when cell phones were equipped with cameras.
The FAA is concerned that small drones could interfere with airplanes and helicopters. Commercial pilots have reported over 1000 close encounters with drones over a 10 month period. On Dec 21, 2015 the FAA announced new rules that require owners of drones to register them. Owners must put the registration numbers on the drone and carry proof that they are registered to operate the drone.
It’s a lot like getting a driver’s license for a car. The drone community doesn’t seem to have a problem with the new regulations. 90% of drone users are responsible but basic rules are needed to make sure everyone is safe.
A new bill by Senator Hannah-Beth Jackson wants further restrictions on drones to prohibit the use of drones near private property, parks, and public infrastructure. This means flying a drone near bridges, hospitals, refineries, and near airports would be prohibited.
Even with the new Government regulations, it doesn’t appear that the growth of drones is going to slow down any time soon.
According to ABI Research, a technology firm based in New York, the consumer market is expected to exceed 90 million units and generate $4.6 billion by 2025.
In 2014, toy and hobby shipments accounted for 30% of the sales and the professional segment captured the rest of the market. By 2017, it is expected that the toy and hobby segments will surpass the professional segment. By 2025, hobbyists will represent two thirds of the market. Growth in the consumer drone segment will continue to grow with innovation from market leaders like DJI, 3DR, Parrot, and others.
Consumer drones are going to be equipped with better technology. Consumer drones will get cheaper with more innovative features, sensors, and software. Some of the features in the pro models will trickle down into consumer models. More and more drones will feature a camera as a standard feature. The cameras won’t just be limited to capturing photos and videos, but also be used for advanced movement such as motion tracking and object detection.
It will be very interesting to watch how the market grows. The real challenge is inventing ways to keep the products fresh in the eyes of consumers. Transforming consumer drones into customizable open platforms will increase the value offered by consumer drones.